Nicholas Fainlight is an aspiring finance professional.

Tag: management

Nicholas Fainlight Are These Obstacles Holding you Back from Success?

Are These Obstacles Holding you Back from Success?

Some obstacles prevent people from becoming influential leaders.

Exceptional leadership can build an outstanding business, but doing it effectively requires a lot of planning and discipline. A leader is expected to keep his team motivated, but helping them stay positive can be challenging. You also have to be able to connect with others.

 

Not Having a Set Purpose or Goal

One of the most effective ways to motivate people is to have a clear purpose and set goals. This can be communicated clearly to the team and the people around you, and it can ignite passion and drive them to reach their potential. Each team member has their individual talents and personal interests. This makes it hard to maintain a cohesive and well-defined team vision if you can’t unite everyone around a common goal. Disharmony can then develop quickly, which can derail projects and cause long-term damage.

 

No Connections Outside of Work

Team building and training are also powerful tools to help unify and bond your employees. Having an event or two can help break down barriers and provide employees with opportunities to connect and learn new skills, enabling them to collaborate more effectively. It’s possible to get carried away with too much control over everyone and over-focusing on work-related topics. This can be counterproductive, preventing people from learning and growing and increasing stress levels.

 

Not Delegating Tasks

Instead of focusing on your personal to-do lists, take a moment to consider what tasks you can delegate to employees. Doing so can help you get more done and motivate them by entrusting them with tasks outside their regular routine. It’s also important to remember that as a leader, you’re expected to provide the people with the training and resources they need to complete the tasks, so make sure you equip your team with what they need for any new projects.

 

Poor Communication

Communication is key to team success, but it also has to be reciprocal. The people must feel that their concerns will be addressed and that they can express themselves freely. A good culture is also influential in attracting and keeping top talent. It should encourage a positive attitude and foster people committed to continuous growth. Leaders can also help promote this environment by providing opportunities for team members to celebrate and motivate each other.

Nicholas Fainlight How to use Credit Cards the Smart Way

How to Use Credit Cards the Smart Way

Credit cards are something we’re likely all familiar with. You’ve probably gone shopping to a larger store and had the salesperson ask if you want to open a credit card account specific to that store. It’s likely you always brush it off, knowing you don’t shop there that often or don’t want to deal with more debt. However, many people open credit cards, whether a store card or a regular one. The average household in America carries nearly $6,000 of credit card debt. Other studies show that about a third of Americans have at least one credit card.

You’ve probably heard horror stories of people getting into insane amounts of credit card debt they’re never able to pay off. Many people completely swear off of credit cards and believe they’re sure ways to get sucked into overwhelming debt. However, if you handle credit cards in a smart way, you won’t have to worry about dealing with outrageous amounts of debt. Here are tips on using credit cards and actually benefiting from them.

Online shopping

One of the best uses for credit cards can be to use exclusively for online shopping or somewhere else you think information could get compromised, such as a small stand or other place that appears to have low security. All too often, we make online purchases and then see that our account information has been compromised. It’s much easier to freeze and cancel credit cards and get the purchases taken off your statement than it is to do the same with getting money back into your bank account. By using a credit card for a purchase you would have made anyway, you can protect yourself from fraud.

Designated purchase

Sometimes, credit cards can be useful for a designated purchase. You might receive a lower car insurance rate if you set up an automatic payment, but don’t want to save your bank information, using a credit card becomes a great alternative. It’s also easier to track spending if the only purchase you’re making on that card is one kind.

Gain rewards

You can easily find credit cards that claim they have incredible rewards programs. Nearly every card now offers some type of reward. It’s important to avoid being drawn into promises of rewards and going for every card offered; take the time to research different cards and find out which ones offer the best rewards for you. Then, use that card regularly to make purchases you can afford and build rewards that are actually beneficial.

Build credit

A very smart reason to use credit cards is because they allow you to easily build your credit. By regularly using a credit card and not making late payments, you’re able to improve your credit score. This benefit is especially useful to younger people who don’t have any kind of credit score and need to create one in order to make larger purchases or rent an apartment. Spend smartly and avoid creating debt so you can improve your credit score.

Pay on time

Finally, the smartest way to use your credit card is by paying it off on time. If you carry a balance over from month-to-month, you’ll likely have to pay large amounts of interest, often around 20 percent of whatever the balance is. If you can’t pay off a large purchase in a month (or very shortly after), do not use your credit card. The problem with credit cards is people avoid paying off the balance each month, so it just accumulates and interest builds, which results in outrageous amounts of debt and you paying more than you spent in the first place.

A credit card isn’t something you have to be scared to use, as long as you’re following these tips and being smart in your spending. It could actually be something that benefits you.

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